Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/282790 
Authors: 
Year of Publication: 
2023
Series/Report no.: 
IZA Discussion Papers No. 16663
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
I study inequality in job values, both in terms of wages and non-wage values, in Austria over the period 1996 to 2011. I show that differences in non-wage job value between firms are non-parametrically identified from data on worker flows and wage differentials. Intuitively, firms with high non-wage value attract workers without paying a wage premium. I study the distribution of job value among workers and find a positive correlation between wage and non-wage value. Inequality in job value is thus considerably greater than wage inequality, reflected in the standard deviation of job value being more than twice as large as the standard deviation of wage. Job value inequality increases between 1996 and 2011, although wage inequality remains constant. An important reason is that, over time, dispersion of rents offered by firms increases, while compensating differentials lose importance.
Subjects: 
inequality
amenities
worker heterogeneity
firm heterogeneity
on-the-job search
wage dispersion
matched employer-employee data
JEL: 
E24
J31
J32
Document Type: 
Working Paper

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